Ok so it looks like you need to re-assess the profitability of your trading system to determine how well it works in all market environments. The market environment is dynamic and changes from time to time and not all trading systems work equally well. And from what you find out, you may need to go back to the drawing board to redesign a new trading system or modify the existing one to accommodate the current market situation.
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- Thread starter Matt_K74
- Start date
Ok so it looks like you need to re-assess the profitability of your trading system to determine how well it works in all market environments. The market environment is dynamic and changes from time to time and not all trading systems work equally well. And from what you find out, you may need to go back to the drawing board to redesign a new trading system or modify the existing one to accommodate the current market situation.
Too long Emerging Markets and Metals 
Ended down -2843 even though market was up.
Pairs trades lost -1827, option selling lost the rest.
Some of my datafeeds seem to be in over their head as well - my daily theta went from 700s to 1400s - had that never happen before.
Interestingly my available margin went up 10%
Ended down -2843 even though market was up.
Pairs trades lost -1827, option selling lost the rest.
Some of my datafeeds seem to be in over their head as well - my daily theta went from 700s to 1400s - had that never happen before.
Interestingly my available margin went up 10%
Six of my best systems sell premium ATM, being decent at charting helps much. I backtested the "Wheel", wow, when you lose you really get clubberred. Way too much risk and too little profit for me.
All the programmers I have met iny past were horrible when they tried trading. It like comparing a Corvette to a skateboard, the latter you need much skills to doing dozens of moves and many can eventually do, but a Corvette, few can do most of same moves as skateboarder.
There are many indicators in TA, how many years will it take to remove indicator and see in your mind and price. That's when you know you have gotten good.
All the programmers I have met iny past were horrible when they tried trading. It like comparing a Corvette to a skateboard, the latter you need much skills to doing dozens of moves and many can eventually do, but a Corvette, few can do most of same moves as skateboarder.
There are many indicators in TA, how many years will it take to remove indicator and see in your mind and price. That's when you know you have gotten good.
~ 1.2 M in trading accounts that are ~70% margined
I'm long ~ 2M in notional stocks
The 2M is 50% of my total net worth and would be ~ 90% if my liquid net worth
Just to be sure..
If you were assigned on every short put and you added in your long stock,you would be long 2 mil in notional??
If you were assigned on every short put and you added in your long stock,you would be long 2 mil in notional??
Net 2 mill.
So the wheel would hold 2M in long stock if everything would get assigned.
I would still have 375.000 in long stock from the pairs trades as well as 375.000 in short stock for the pairs trades.
Super lucky trading day - finished up $11492 (5th best P&L day of the year).
Everything worked - market moved my way and volatility came in.
I also dodged a bullet in $SGEN - was short in a pairs trade and MERCK announced they may acquire them - somehow the stock dropped though after the gap up and I got out at a reasonable price and closed the pair.
Everything worked - market moved my way and volatility came in.
I also dodged a bullet in $SGEN - was short in a pairs trade and MERCK announced they may acquire them - somehow the stock dropped though after the gap up and I got out at a reasonable price and closed the pair.